Knetwit Article in George Mason University’s Broadside

February 9, 2009

By Joe Beeton, Broadside correspondent

Structured like many other Web 2.0 social-networking sites, Knetwit is free to join, it allows users to create profiles and build a “Knetwork.” It generates revenue from selling featured advertisements.

What sets Knetwit apart is that anyone who joins can potentially make money. Knetwit pays users with the site’s internal currency, Koins, which are redeemable for cash via PayPal or products featured on the site’s store. The exchange rate of Koins to cash is approximately four cents per Koin.

“The idea is that students and professors will have a new way to make a little extra money for the work they already do,” said Jenks, co-founder and president of operations. “We allow members to profit from their posted content, and at the same time others benefit from the shared knowledge.”

The full article can be found here.

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